I know there are a lot of eager law students among the ranks of Liberal and Conservative bloggers. I also know the legal profession isn't immune to the effects of severe recession. I'm sure bankruptcy lawyers are doing great and matrimonial and criminal lawyers are probably doing just fine but this is a pretty grim time for a lot of corporate lawyers, especially the solicitors.
One of America's largest law firms, Latham & Watkins, has announced it's shedding 190-lawyers and 250-paralegals and support staff. Now, to keep that in perspective, remember that L&W has 270-lawyers in Washington alone and 2,000 world wide. Still, a 10% cut this early in the recession, leaves one to imagine what lies ahead?
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/27/AR2009022702751.html
5 comments:
Well, There's always the up and coming crop of 'dealers' that will suddenly pop up as a result of the "tough on Gangs" pretendalaw.
You can't say Harper isn't doing his bit to help the beleaguered profession.
There are also a whole swath of lawyers specialized in arranging financing for Public Private Partnerships so they'll be stimulated by the budget as well.
As the Bard said: "The first thing we do, let's kill all the lawyers" Can you tell that I have had dealings with this profession and would be happy to see a much higher rate of shedding.
Yes, everybody loves to mock lawyers right up to the moment they need one.
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